Hydrocarbon Dynamics (ASX:HCD) Receivables Turnover : 1.14 (As of Jun. 2024)

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What is Hydrocarbon Dynamics Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Hydrocarbon Dynamics's Revenue for the six months ended in Jun. 2024 was A$0.16 Mil. Hydrocarbon Dynamics's average Accounts Receivable for the six months ended in Jun. 2024 was A$0.14 Mil. Hence, Hydrocarbon Dynamics's Receivables Turnover for the six months ended in Jun. 2024 was 1.14.

Hydrocarbon Dynamics Receivables Turnover Historical Data

The historical data trend for Hydrocarbon Dynamics's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Hydrocarbon Dynamics Receivables Turnover Chart

Hydrocarbon Dynamics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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9.05

2.22

0.79

9.89

6.49

Hydrocarbon Dynamics Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Receivables Turnover	Get a 7-Day Free Trial															1.13	3.39	4.67	4.82	1.14

Competitive Comparison of Hydrocarbon Dynamics's Receivables Turnover

For the Specialty Chemicals subindustry, Hydrocarbon Dynamics's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Hydrocarbon Dynamics's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Hydrocarbon Dynamics's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hydrocarbon Dynamics's Receivables Turnover falls into.

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Hydrocarbon Dynamics Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Hydrocarbon Dynamics's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	0.574	/ (	(0.051	+	0.126)	/	2 )
=	0.574	/	0.0885
=	6.49

Hydrocarbon Dynamics's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	0.159	/ (	(0.126	+	0.152)	/	2 )
=	0.159	/	0.139
=	1.14

Hydrocarbon Dynamics (ASX:HCD) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Hydrocarbon Dynamics Receivables Turnover Related Terms

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Hydrocarbon Dynamics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Hydrocarbon Dynamics Ltd (ASX:HCD) » Definitions » Receivables Turnover

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Address

412 Collins Street, Level 6, Melbourne, VIC, AUS, 3000

Website

https://www.hydrocarbondynamics.com

Hydrocarbon Dynamics Ltd is a provider of Oil and Gas production chemicals. It is engaged in the sales and marketing of its proprietary products as well as the evaluation of oil projects in North America and internationally. It has two operating segment Exploration division, Chemical division. The exploration division comprises the exploration, development, and production of oil and gas projects in the United states, and the Chemical division comprises clean oil technology and business (HCD) around the world. It operates operate out of the Malaysian, United States and Melbourne offices.

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